MasterCard Harnesses AI for the 1st Time to Reduce False Declines

Mastercard unveiled Decision Intelligence solution utilizing artificial intelligence technology to help financial institutions increase the accuracy of real-time approvals of genuine transactions and reduce false declines.  This is the first use of AI being implemented on a global scale directly on the Mastercard network. Current decision-scoring products are focused primarily on risk assessment, working within…

Concur & China Datacom Target Travel Expense Management Market

SAP’s Concur inked a strategic partnership with China DataCom (CDC), a joint venture between SAP and China Communications Services. Concur is the world’s leading provider of integrated travel and expense management solutions, is the only travel and expense provider in China capable of supporting multinational companies. This supports Concur’s ongoing China Expansion Plan which places…

iATS Ankles Top Exec w/Non-Profit Exp to Head Business Development

Vancouver-based iATS Payments has ankled Daniel Mitchell as Vice President responsible for Sales and Business Development. He will be responsible for leading all aspects of iATS sales and business development, and will work closely with customers and partners to support their success. With over 20 years of sales experience, Daniel has worked with innovators across…

Three Myanmar CB MPU-JCB Debit Cards Begin Issuance in December

Myanmar-based Co-Operative Bank (CB Bank) Myanmar Payment Union Public Co.(MPU), and JCB International Co. (JCBI), inked a deal to enable CB Bank to start issuing a JCB debit card in December. The CB MPU-JCB Co-Brand Card combines the MPU brand and JCB brand. Cardmembers can use MPU’s nation-wide merchant network in Myanmar and JCB’s international…

Wirecard Hardware + Gastro-MIS Software Optimize Restaurant POS

Wirecard has teamed with food retail specialists Gastro-MIS, a company that already integrated software solutions in more than 4000 cash registers in Germany. Today, card payments are already an integral part of the food service industry. Consumers are increasingly used to carrying less cash and prefer to use more flexible alternatives in restaurants, bars and…

WorldPay Contactless Card Tins & Thyngs Styckers & Poppy Appeal

Worldpay, Thyngs and NatWest have partnered with The Royal British Legion to make it easier to donate to the Poppy Appeal by using the latest payment technology, in a trial taking place across 13 NatWest branches. With many people no longer carrying cash, two new collection tins have been adapted to allow people to pickup…

Small Business Debit Usage is an Untapped Gold Mine for Issuers

A new report found nearly half of small businesses use business debit, creating both a strong user base and an opportunity to grow for debit issuers. However, use of personal demand deposit accounts (DDAs) and debit products persists, even among larger small businesses. Converting additional businesses to debit may be harder than it should be.…

Unified Transportation Payment Card Comes to Unbanked Filipinos

Oberthur Technologies has buddied with AF Payments to provide multi-purpose smart cards in the Philippines to allow end-users to have one single card to commute and pay in Manila. There is a significant number of unbanked consumers in The Philippines. In order to allow them to easily use transportation in Manila and in the same…

TransferTo Ankles Key Exec to Lead East African Expansion

Singapore-based TransferTo has ankled Sandra Hua Yao to lead its business operations in East Africa as Vice President, Business Development. The appointment is part of the company’s continued geographic expansion to support its global strategy and grow in emerging markets. Sandra Hua Yao joins TransferTo from the National Bank of Kenya where she led the…

eUICC = Ingenico + Oberthur Technologies + Vodafone

Ingenico, Oberthur Technologies, and Vodafone have been collaborating to define a disruptive connectivity management solution based on embedded Universal Integrated Circuit Card (eUICC). This partnership brings together the best of their know-how to revolutionize payment terminal connectivity in an agile way. By joining forces, Ingenico, Vodafone and OT will make the remote management of payment terminals’…

CanPay Takes Cannabis Payments to a New High

CanPay, the first debit payment solution for the cannabis industry, confirmed its availability to retailers and consumers in Washington, Oregon, and Colorado. On the heels of eight states legalizing recreational or medicinal cannabis last week, CanPay is the only legitimate and stable debit payment solution for merchants in newly legalized and established cannabis markets, operating…